Co-working firms aren’t happy about CBRE launching competitor company

The brokerage announced on Wednesday that it will start inking property management agreements with landlords to provide flexible office space to large corporate clients. But some of CBRE’s would-be clients aren’t thrilled that the brokerage will now compete in the co-working space, Crain’s reported.

“Going forward, I see no reason to give my business to CBRE,” said Amol Sarva, co-founder and CEO of Knotel. “If they want to open a shingle that competes with me, I can do business with other brokers. They’re not going to represent us.”